Replies to post #396713 on Mr Cooper Group Inc fka COOP

[Donotunderstand]

Zeus

Are you suggesting this is 45million more for the LT

Are you suggesting this is NOT WMIH value

Do you think anything will come of the few years not covered - as I do not think so - given how many claims CA withdrew (i.e. I think they know when they claim Billions they pay millions )

?

Thank you
(so the implications - which are immediate - are for H holders at present - and then down the road to escrow?)

[Lawson Digest]

This also helps explain:

21. Approval of the settlement will avoid the needless expense associated with
continuing to litigate the California Objection and the validity and amount of the California
Claim. This will ensure that WMILT receives a meaningful distribution from the FTB. As noted
above, WMILT will avoid liability in excess of $280 million and, pursuant to the GSA, receive
twenty percent (20%) of the settlement amount, or $45 million. With such funds, WMILT will
be able to make additional distributions to claimants.

It looks like they'd rather opt for a $45 million right now rather than try to get the full amount over a long period of litigation.